“We are back to meaningful subscriber growth and secured top line acceleration starting in Q4," said CEO Jeronimo Folgueira.
Revenue grew 3.3% as reported but 9.9% at constant currency, which accounts for the euro's strength against the dollar and other currencies.
Publishing accounted for 62% of BMG's overall take, driven by classic hits and songs by new artists like Lewis Capaldi.
The German promoter and ticketing company has "healthy organic growth," says CEO Klaus-Peter Schulenberg.
For the first time since its 2016 founding, music contributed more revenue than social entertainment at TME.
With physical sales down 2%, streaming grew its total recorded music revenue share to 69% on the quarter.
The radio company did see a 13% rise in podcasting revenue as it anticipates an overall recovery in the ad market later this year.
Recorded music revenue rose nearly 8%, thanks to a strong slate of releases led by Ed Sheeran, Linkin Park and Melanie Martinez.
Subscriptions remain strong, and “music is highly undervalued,” according to Deezer CEO Jeronimo Folgueira.
The iPhone maker's services business, which includes Apple Music, hit $21.2 billion in the quarter.
